Sufi's avatar
$83.8m follower assets
The Fib (and the 📦🫣)
$QQQ $NQ_F
  • If we don’t reclaim 11,698 (50% fib line), next stop is 200D moving average on the weekly chart ~ 11,357
  • Safe to say todays close will mark the 7th consecutive red weekly candle however, it’ll be the first candle closing inside the 📦

post mediapost media
Sufi's avatar
$83.8m follower assets
The 📦 and the Fib
$QQQ $NQ_F

  • 50% fib still acting as support. Touch and go.

  • We’re stuck in the box, again.
post media
Sufi's avatar
$83.8m follower assets
The 📦 and the Put Option
$QQQ $NQ_F

  • On Friday the cat came out of the 📦 however futures tonight trying to put it back

  • Also on Friday, someone dropped $58.46 Million on very in-the-money put option which spooked the market (caught live on @tradytics option flow) #hedging
post mediapost media
Sufi's avatar
$83.8m follower assets
The 📦 and the Fib
$QQQ $NQ_F

  • The 50% fib line in the 📦 is acting as a support.
  • On the 15 minute timeframe we bounced 3 times today. Once at the open and twice right before the day end rally.

If we test it again and bounce, we rally.

~ The devil is in the details ~
post mediapost media
Fibonacci’s are interesting to say the least. When scientists literally call them the finger print of god it’s worth a look.
View 9 more comments
Sufi's avatar
$83.8m follower assets
The 📦 (Cont’d)
$QQQ $NQ_F

  • On Monday we entered the 📦
  • On Tuesday we tried to get out of the 📦 but failed
  • On Wednesday we tried to get out of the 📦 but failed, again.

Will we get out of the 📦 this week or are we stuck in it for a while?

#StockMarket #NASDAQ100
post mediapost media
Good call so far. Like we previously discussed - I think we find a short term bottom in the next 3 trading days that gives us a decent bounce before lower.

I appreciate your TA!
View 1 more comment
Sufi's avatar
$83.8m follower assets
📦
$QQQ $NQ_F

The box 📦 - you’re either in it or outside of it.

“Hell is empty and all the devils are here” ~ William Shakespeare
post media
Just to get a little more context— the bottom of this fib retracement is the March 2020 lows, and the high is Nov. 2021, correct?

So the box signifies an area that we haven't spent a lot of time in correct? Is the thinking that we may either blow through it (or bounce here?)

@investorinsight and @tecantra are my go-to technical analysis experts here— perhaps they have opinions :)
View 3 more comments
Sufi's avatar
$83.8m follower assets
Closed position $TQQQ (3x Leverage on $QQQ)

Closed at:
‌‌
  • $NDX spot level: 16,059
  • $NQ_F futures level: 16,069

$45,880 #Gain for the #culture.

Now we wait for this rally extension to calm the fuck down.

# NASDAQ #NASDAQ100
post media
Sufi's avatar
$83.8m follower assets
$TQQQ (3x Leverage on $QQQ) - still holding full ETF position despite todays tumble. If interest rates hold or go lower we should easily rally into the end of the year.

Should’ve bought longer duration call option contracts but it is what it is.

Position Average

  • $NDX spot level: 14,660
  • $NQ_F futures level: 14,650

$21,711.96 #Gain for the #culture.

#NASDAQ #NASDAQ100
post media
Commonstock is a social network that amplifies the knowledge of the best investors, verified by actual track records for signal over noise. Community members can link their existing brokerage accounts and share their real time portfolio, performance and trades (by percent only, dollar amounts never shared). Commonstock is not a brokerage, but a social layer on top of existing brokerages helping to create more engaged and informed investors.